Project coordinator UAB „NFQ Technologies“ (Lithuania)

Project partner: SMK College of Applied Sciences  (Lithuania)

The aim of the project is to create an automated freight route analysis and compatibility platform for transactions of the highest commercial value and greatest probability of success, thereby reducing the coefficient of empty routes.

Description

The project implementation foresees the following activities:

• Research activities aimed at creating a freight route compatibility automation platform;
• Experimental development aimed at creating a freight route compatibility automation platform.

Expected project results

A platform will be created whose main task is to analyze the matching of freight service invitations available on the market with the freight routes served by a specific company, and to calculate the best offer for concluding a transaction. The primary objective of the platform is to provide scenarios for transactions with prices high enough to ensure profitable freight service, yet low enough to outcompete rival offers.

Project implementation period: 10.06.2024 – 10.10.2026

Total project value:  EUR 3,534,285.87 Eur, including EUR 1,994,999.54 Eur funded by the EU and EUR 1,539,286.33 Eur funded by Project coordinator and Project partner.

More information:
Reda Mikalauskaitė, Head of International relations and project office
reda.mikalauskaite@smk.lt